Sage Group (The) PLC
SGE: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 955.00 | Frhqnl | Kyddyjs |
Sage’s Fiscal 2021 Meets Our Expectations. FVE Maintained.
We maintain our GBX 600 per share fair value estimate for narrow-moat Sage Group following the release of full-year fiscal 2021 results. Sage’s full-year underlying revenue and EBIT of GBP 1,846 million and GBP 358 million broadly aligned with our expectations. At the current market price of GBX 801 per share, shares continue to look overvalued, trading at a 33% premium to our fair value estimate.